A trader once wrote in a review of a broker: "Except for premium accounts, all have to charge overnight fees, there is no advantage." For long-term traders, the overnight interest is indeed a significant transaction cost. So, which trading platforms have lower overnight interest rates? Check out BrokersView's March solid benchmarks for answers.
EURUSD Overnight Interest Ranking
NO.1 XM In March, BrokersView operated a total of 21 real evaluation orders on XM. The resulting data shows that XM's swap rate is 0 USD/lot, and the average interest spread is lower than that of other brokers, making it ideal for traders who need to hold positions overnight.
NO.2 AUS Global has an average swap rate of -0.9 USD/lot for its EURUSD, a figure that beats 93% of brokers.
NO.3 Doo Prime has an average interest spread of -1.99USD/lot, which is better than 90% of traders.
In the EURUSD review, the top 3 brokers with the highest swap rates are: Decode Global, ThinkMarkets and WeTrade, all of which have swaps of around $7 per lot traded.
GPBUSD Overnight Interest Ranking
NO.1 XM and Doo Prime both have an average interest spread of 0 on GPBUSD!
NO.2 AUS Global The swap rate of this platform is -1.13USD/lot, beating 90% of brokers.
In contrast, the platforms with the highest swap rates in GPBUSD trading are WeTrade, Decode Global, and ThinkMarkets, with average interest spreads of 8.27 USD/lot, 8.51 USD/lot, and 9.74 USD/lot, respectively.
XAUUSD Overnight Interest Ranking
NO.1 XM In spot gold trading, the average interest spread of XM is still 0.
NO.2 DLS Markets has an average interest spread of -4.4 USD/lot, which is lower than 93% of the brokers reviewed.
NO.3 Doo Prime has a slightly higher swap rate than DLS Markets at 4.53.
In spot gold trading, the platforms with the highest overnight fees are Alpari International, FXTM, and ACY Securities, all of which have average interest spreads of around 20 USD/lot.
Summary:
From the evaluation data of the three trading varieties of the above brokers, it can be seen that XM is the best overnight interest platform in March, and its overnight fee is 0 in the mainstream trading varieties. Second, Doo Prime and AUS Global also have low overnight interest rates.
The above is a summary of the overnight interest evaluation data of 29 brokers, more evaluation data please pay attention to the "BV evaluation" column of this website!